The Indian market is shivering about tapering which means funds may go out of Indian equity to other promising avenues.
The market players are worried and hence there is no participation in the market which led to a loss of nearly 1000 points in the Sensex in the past 6 trading days. Market is also closed tomorrow on account of Moharram.

Incidentally the Nifty has closed below its key support level of 6050! The bulls have to resurface to make the Nifty to close above 6050 otherwise the market may drift further. Today we will have to check if the Nifty can fly above 6050 or not otherwise it is going to be a bear’s party. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 42 points at the opening bell. But we will have to check the end game to draw a meaningful conclusion from the irrational opening of the market.